🔴 ABB is trading 5% down after Q3 revenue and net income missed expectations

ABB is trading at CHF 70.96 (-5.01%) after October 20 Q3 revenue and net income missed expectations.

• Revenue was $9.701 billion, slightly below the $9.74 billion forecast; net income also missed expectations.
• Orders rose 40% to a record $12.055 billion, while operational EBITA increased 24% to $2.026 billion.
• Reuters cited investor concerns about the sustainability of AI investment despite ABB’s data-center exposure.